You making the assumption that LKO will remain at the same price. It will not remain at the same price.
Even if Andrews Labour govt does not remove gas ban there is an election in four months time. If you were a pensioner forced to take cold showers who would you vote for?
Also in the next four months LKO will be drilling. They have now diversified their portfolio outside of Victoria. Our first well should be cheap due to 5 mill rebate from the south Australian govt.
RAW deal a classic win win from Mather and co. Good stuff..